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Avanti Communications Group

Current Price 1.54p Bid 1.50p Ask 1.54p Change 0.00%
Last Updated: 24/07/2019 06:28. Prices delayed by at least 15 minutes.
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Company Overview

Avanti Communications Group plc (demerged from Avanti Screenmedia ) connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek. Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka band spectrum in perpetuity that covers an end market of over 1.7bn people. The Group has invested $1.2bn in a network that incorporates satellites, gateway earth stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology. The Group has three satellites in orbit and a further two fully funded satellites under construction.

Financial Highlights Year Ended 31/12/2018

Turnover
£73.70m
Operating Profit
£-185.50m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-0.45

Key Personnel

Kyle David Whitehill
Chief Executive Officer
Nigel Adrian Dawson Fox
Group Finance Director
Alan Paul Harper
Non-Executive Chairman
Christopher William McLaughlin
Non-Executive Director
John Slamecka
Non-Executive Director
Richard Mastoloni
Non-Executive Director
Michael Leitner
Non-Executive Director
Paul Robert Johnson
Non-Executive Director
Craig Chobor
Non-Executive Director
Adam Michael Kleinman
Non-Executive Director

Stock Details

EPIC
AVN
ISIN
GB00B1VCNQ84
Shares in Issue
2,163,335,585
Market cap
£34.18m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
0.00p
Bid Price
1.50p
Ask Price
1.54p
Volume
0
Change Today
0.00p
% Change Today
0.00%
Open
0.00p
Previous Close
1.54p
Intraday High
0.00p
Intraday Low
0.00p
52 Week High
7.00p
52 Week Low
1.54p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Avanti Communications Group Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Tangible Assets
714.4
809.8
Intangible Assets & Goodwill
9.1
8.1
Investments & Other Non-Current Assets
0.0
53.7
Total Non-Current Assets
723.5
871.6
Inventory
19.5
20.2
Trade & Receivables
33.5
76.5
Cash & Receivables
24.0
11.0
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
800.5
979.3

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Short Term Liabilities
62.4
74.5
Long Term Liabilities
476.6
415.9
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
539.0
490.4

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Net Assets
261.5
488.9

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Share Capital
30.6
30.6
Minority Interests
-4.1
-3.8
Retained Earnings
-797.0
-576.4
Share Premium Account
1,104.4
1,104.4
Other Equity
-72.4
-65.9
Total Equity
261.5
488.9

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Cashflow from Operating Activities
-69.6
-65.1
Cashflow Before Financing
-154.3
-130.6
Increase / Decrease in Cash
-8.7
-21.7

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
30 Jun 2018
Turnover
73.7
50.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-185.5
-43.5
Pre-Tax Profit
-6.8
160.0
Profit / Loss for the Year
-38.2
182.7
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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